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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #121  Posted: Sat Jul 12, 2014 9:38 pm Post subject: |
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| anand512 wrote: | welgro sir
before 2-3 days you have suggested some modification in my setup
for taking long postion CCI shall be above 50
But i am confused that for taking short position it should be below 50 or below -50.
Pl. clarify it. |
| Quote: | Just I modified your strategy rules.It will be filter Whipsaws.
Rules/Strategy
Entry setup (For long)
Rule 1) we look for candle close above 9 EMA.
Rule 2) CCI reading > 50
Rule 3).when candle meet Rule NO 1 and 2 we consider that is signal candle.
Buy above the signal candle.
Stop loss is same as usual your strategy or Reverse signal, which one is met first.
Stop for positional long is 15 LEMA EOD closing
Stop for positional short is 15 HEMA EOD closing
viceversa for short
Here I have updated reliance signals with chart.
http://www.icharts.in/forum/download,id,20231.html
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Dear anand,
I am not get you,if you understand the modification setup or not.
So kindly update one chart with modification setup explanation.
then only i can give you some more things.
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #122 Posted: Sat Jul 12, 2014 10:00 pm Post subject: |
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Anand,
here i upload another one entry exploration.please watch...
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #123 Posted: Sat Jul 12, 2014 10:06 pm Post subject: |
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| anand512 wrote: | welgro sir
before 2-3 days you have suggested some modification in my setup
for taking long postion CCI shall be above 50
But i am confused that for taking short position it should be below 50 or below -50.
Pl. clarify it. |
Taking short position it should be below - 50
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #124 Posted: Sun Jul 13, 2014 6:10 am Post subject: |
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| welgro wrote: | | chiragbvyas wrote: | | anand512 wrote: | | Welgro sir will explain in detail |
Me too awaiting his valued input regarding PCR . |
Put call ratio can be used as additional confirmation for taking a trade, moreover it can be found easily on NSE’s website. Before explaining you put call ratio analysis, I will tell you most important fact about options trading it is: “About 95% option contracts expire worthless.” This means most profitable group of option trader is “Option Writers”. Now you will get put call ratio from this NSE’s link, this is updated daily and it’s only for nifty option.
Put call ratio is a ratio of total traded put option against call option for a given day. This is actually contrarian indicator for near term trend, on this indicator a reading above 1 will be a bullish signal on nifty future, while ratio below 1 is a bearish signal. Whenever trader has doubt about the trend he can just look at put call ratio and get a clear trading idea.
Today’s put call ratio is 0.8. Now this fig. is clearly below 1 so call option writing (shorting) is more than put option, in simple words smart people is expecting nifty future will move lower level in coming sessions. Now suppose if Put call ratio is 1.1, here it is above 1 so put writing is more than call writing. This is because large traders are betting that nifty future may correct in near term.
Note: just i updated the PCR logic ,Don’t compare PCR value is in above 1 or below 1, you can understand PCR changes with nifty’s momentum.
See yesterday PCR is 0.77 with today’s PCR is 0.73.
So what do you understand?
Yes, large traders today build heavy short positions in call options.Hmm... They are expect nifty will be go more down levels.
what will we to do ? We can also take short position otherwise Better to avoid open positions in against the trend. |
Thanks You Boss, Confusion is cleared ... Will disturb you if need any more help.
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #125 Posted: Sun Jul 13, 2014 6:11 am Post subject: |
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| welgro wrote: | | chiragbvyas wrote: | | anand512 wrote: | | Welgro sir will explain in detail |
Me too awaiting his valued input regarding PCR . |
Put call ratio can be used as additional confirmation for taking a trade, moreover it can be found easily on NSE’s website. Before explaining you put call ratio analysis, I will tell you most important fact about options trading it is: “About 95% option contracts expire worthless.” This means most profitable group of option trader is “Option Writers”. Now you will get put call ratio from this NSE’s link, this is updated daily and it’s only for nifty option.
Put call ratio is a ratio of total traded put option against call option for a given day. This is actually contrarian indicator for near term trend, on this indicator a reading above 1 will be a bullish signal on nifty future, while ratio below 1 is a bearish signal. Whenever trader has doubt about the trend he can just look at put call ratio and get a clear trading idea.
Today’s put call ratio is 0.8. Now this fig. is clearly below 1 so call option writing (shorting) is more than put option, in simple words smart people is expecting nifty future will move lower level in coming sessions. Now suppose if Put call ratio is 1.1, here it is above 1 so put writing is more than call writing. This is because large traders are betting that nifty future may correct in near term.
Note: just i updated the PCR logic ,Don’t compare PCR value is in above 1 or below 1, you can understand PCR changes with nifty’s momentum.
See yesterday PCR is 0.77 with today’s PCR is 0.73.
So what do you understand?
Yes, large traders today build heavy short positions in call options.Hmm... They are expect nifty will be go more down levels.
what will we to do ? We can also take short position otherwise Better to avoid open positions in against the trend. |
Thanks You Boss, Confusion is cleared ... Will disturb you if need any more help.
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balramahuja
White Belt
Joined: 29 Jan 2010
Posts: 2
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| Post: #126 Posted: Sun Jul 13, 2014 7:49 am Post subject: confusion |
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Dear welgro sir in this topic you have mentioned that if PCR is less than 1 call writers are more and nifty going lower and if PCR is more than 1 put writers are more and nifty will go down in this both senaio nifty will go down sir it is confusing sir please explian sir thnx
balram ahuja
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san77s
White Belt
Joined: 13 Jan 2009
Posts: 41
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| Post: #127 Posted: Sun Jul 13, 2014 8:31 am Post subject: |
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Sir,
One doubt in Anand512 trading method, 15 HEMA, 15 LEMA both use only for Stop loss purpose? or While in our entry also we look this EMA? please let me know.
Regards,
Saravanan
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #128 Posted: Sun Jul 13, 2014 8:41 am Post subject: |
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| san77s wrote: | Sir,
One doubt in Anand512 trading method, 15 HEMA, 15 LEMA both use only for Stop loss purpose? or While in our entry also we look this EMA? please let me know.
Regards,
Saravanan |
Yes san, 15 emas only for stoploss purpose.
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #129 Posted: Sun Jul 13, 2014 8:45 am Post subject: Re: confusion |
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| balramahuja wrote: | Dear welgro sir in this topic you have mentioned that if PCR is less than 1 call writers are more and nifty going lower and if PCR is more than 1 put writers are more and nifty will go down in this both senaio nifty will go down sir it is confusing sir please explian sir thnx
balram ahuja |
| Quote: | Correction :
Today’s put call ratio is 0.8. Now this fig. is clearly below 1 so call option writing (shorting) is more than put option, in simple words smart people is expecting nifty future will move lower level in coming sessions. Now suppose if Put call ratio is 1.1, here it is above 1 so put writing is more than call writing. Its Bullish sign. |
PCR less than 1 = bearish.
PCR more then 1 = bullish.
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #130 Posted: Sun Jul 13, 2014 10:48 am Post subject: |
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PCR Analysis 13/07/2014
How i traded as per this analysis :-
08/07/2014 I get sell signal as per my trading system (Hourly...Note: I am doing only positional trades)
i watched PCR trend when i get sell signal in my system.Both are in same trend then i Build short position with some high qty.
In case my trading system give sell signal but PCR trend is some bullishness.Then?
I will trade less qty when my system and PCR trend both are in gives different view.
Dear all :- I am not take positions with only PCR net change.you can take PCR is in supportive tool for Trend analysis.
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #131 Posted: Mon Jul 14, 2014 1:02 pm Post subject: |
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| M&M buy triggered
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #132 Posted: Mon Jul 14, 2014 1:23 pm Post subject: |
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| anand512 wrote: | | M&M buy triggered |
Yes anand... Long triggered as per my level,
Anand are you watch one more thing,
M&M once if breach above 1179 then buy setup as per your strategy(Hourly).
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #133 Posted: Mon Jul 14, 2014 2:42 pm Post subject: |
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sir
9 ema is 1189
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #134 Posted: Mon Jul 14, 2014 2:45 pm Post subject: |
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ok sir hourly its ok
i trades on EOD
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #135 Posted: Mon Jul 14, 2014 2:55 pm Post subject: |
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sir
how can we get live figures of CCI
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